Trump Administration Considers Candidates For Federal Reserve Chair Replacement
The post Trump Administration Considers Candidates For Federal Reserve Chair Replacement appeared on BitcoinEthereumNews.com.
Key Points: 11 candidates considered to replace Federal Reserve Chair Jerome Powell. Three previously undisclosed nominees include David Zervos and Rick Rieder. Market participants vigilant due to potential crypto impacts. The Trump administration is considering 11 candidates for the Federal Reserve Chairman position, including David Zervos, Larry Lindsey, and Rick Rieder, prior undisclosed nominees, with Powell’s term ending May 2026. This selection may impact cryptocurrency markets, particularly affecting Bitcoin (BTC) and Ethereum (ETH), as Federal Reserve policies influence liquidity and risk in global financial systems. Trump Directly Influences Fed Chair Selection Process The selection process is primarily influenced by Donald Trump, who participates directly in narrowing down the list of candidates. “I’m down to three or four names – all good, all great… I’ll name it a little bit early – the new chairman,” said Trump. President Trump previously criticized Jerome Powell’s performance, labeling him as “truly incompetent” regarding economic challenges. This marks a significant change in Federal Reserve leadership. The immediate implications include careful scrutiny from institutional investors as decisions at the Federal Reserve have profound effects on global liquidity and monetary policy. The outcome of this process will likely influence market sentiments and expectations in both traditional finance and the cryptocurrency sphere. Market reactions have been cautious, with no official comments from potential nominees like David Zervos or Rick Rieder. Cryptocurrencies, particularly BTC and ETH, remain sensitive to any signs from the Federal Reserve regarding interest rates and monetary policy shifts. Bitcoin Market Stability Compared Amid Leadership Uncertainty Did you know? Federal Reserve leadership changes have historically led to market volatility, impacting BTC and ETH by affecting U.S. dollar liquidity cycles. Bitcoin’s current status on CoinMarketCap shows a price of $123,492.68 with a market cap of $2.46 trillion. Holding 58.80% market dominance, Bitcoin’s trading volume saw a 28.77%…
Filed under: News - @ August 14, 2025 4:29 am